3 weeks ago
Ai+ Smartphone launches Rs100 crore Project Trust+ bug bounty program
A phone company called Ai+ Smartphone wants to make the safest phones in the country.
It started a new program called Project Trust+.
The program asks computer experts and app makers to help find weak spots in the phones.
If a problem is found, it can be fixed before bad people can use it.
The company promised to give Rs20 crore every year for five years.
That adds up to Rs100 crore in total.
The boss, Madhav Sheth, says many companies just say their phones are safe.
Ai+ Smartphone wants to prove it by working together with the tech community.
The company is new and started in September 2025, and it is working hard to grow very fast.
Ai+ Smartphone has launched Project Trust+, a Rs100 crore bug bounty program aiming to build the country's safest smartphone ecosystem.
The company is pledging Rs20 crore annually for the next five years, totalling Rs100 crore.
The initiative invites independent researchers, developers, and ethical hackers to identify vulnerabilities in Ai+ systems.
CEO Madhav Sheth said most companies tell users their devices are secure, but 'We want to prove it.'
Launched in September 2025, Ai+ earned Rs965 crore in its first fiscal year and aims for over Rs7,500 crore this fiscal year.
- Who
- Ai+ Smartphone, led by CEO Madhav Sheth
- What
- Launched Project Trust+, a Rs100 crore, five-year bug bounty program to build the country's safest smartphone ecosystem
- Where
- India, targeting India's technology community
- When
- Announced on a Thursday (exact date not specified); the program spans five years
- Why
- To prove device security through transparency and collaboration by finding vulnerabilities before they impact consumers
Key facts
- Company
- Ai+ Smartphone
- Initiative
- Project Trust+
- Program type
- Bug bounty
- CEO
- Madhav Sheth
- Annual pledge
- Rs20 crore
- Duration
- 5 years
- Total pledge
- Rs100 crore
- Revenue target
- Over Rs7,500 crore this fiscal year
Quotes
Madhav Sheth
CEO of Ai+ Smartphone
“"The company is pledging Rs 20 crore annually for the next five years, totalling Rs 100 crore, to invite the tech and developer community to enhance security and foster trust within its devices."”
rediff.com
“"We want to prove it. The reality is that no smartphone, no platform, and no technology ecosystem can claim security as a finished destination."”
rediff.com
Sources
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